Australian Home-Building Approvals Rise

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

SYDNEY--The number of Australian home-building permits rose in July. Approvals to build or renovate houses and apartments gained 2.5% from June, the Australian Bureau of Statistics said Tuesday. From a year earlier, approvals rose 9.4%. Higher rates of housing construction ...

Swiss Economy Stagnates in 2Q as Machinery Sales Drop

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Neil MacLucas ZURICH--Switzerland's economy stagnated in the second quarter, data released Tuesday showed. Moderate growth in consumer spending failed to offset the drag on machinery exports from sluggish demand in European markets. Gross domestic product in the three months ...

German Chemical Industry Association Cuts Full-Year Production Forecast

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Chase Gummer FRANKFURT--German Chemical Industry Association VCI on Tuesday cut its forecast for the year, as weak domestic demand and increasing geopolitical tensions led to a drop in chemical production in the second quarter compared with the first quarter. ...

South Korea Inflation at 1.4% in August

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

SEOUL--South Korea's consumer price index rose 1.4% on the year in August, slower than the market expected, government data showed Tuesday. The August reading, below the median 1.5% increase forecast by economists surveyed by The Wall Street Journal, came after ...

Australia 2nd Quarter Current Account Deficit Widens

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

SYDNEY--Australia's current account deficit widened to a seasonally adjusted A$13.7 billion in the second quarter, the Australia Bureau of Statistics said Tuesday. The deficit for the first quarter was revised upwards to A$7.8 billion from A$5.7 billion, the ABS said. ...

Weakened current account

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

Press release from Statistics Sweden 2014-09-02 9:30 AM Nr 2014:468 Balance of payments, 2nd quarter 2014: Weakened current account The surplus in the current account amounted to SEK 49 billion in the second quarter, which can be compared with the ...

South Korea Inflation At 1.4% in August

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Kwanwoo Jun SEOUL--South Korea's consumer price index rose 1.4% on the year in August, slower than the market expected, government data showed Tuesday. The August reading, below the median 1.5% increase forecast by economists surveyed by The Wall Street ...

Australian Home-Building Approvals Rise

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By James Glynn SYDNEY--The number of Australian home-building permits rose in July. Approvals to build or renovate houses and apartments gained 2.5% from June, the Australian Bureau of Statistics said Tuesday. From a year earlier, approvals rose 9.4%. Higher rates ...

CURRENCIES: Dollar Climbs Against Yen On Japan Reform Hopes

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Hiroyuki Kachi The dollar climbed 0.5% against the yen in Asia trade Tuesday, fueled by a surge in stock-buying sentiment as hopes grew that Japan's Prime Minister Shinzo Abe will unveil a new cabinet lineup seeking a more aggressive ...

Oil Steady, Global Tensions Stem Further Price Drop

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Eric Yep Crude-oil futures were little changed in Asian trade Tuesday with Brent almost flat as tensions in Ukraine and the Middle East stemmed further losses in oil prices. On the New York Mercantile Exchange, light, sweet crude futures ...

Australia 2Q Current Account Deficit Widens

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By James Glynn SYDNEY--Australia's current account deficit widened to a seasonally adjusted A$13.7 billion in the second quarter, the Australia Bureau of Statistics said Tuesday. The deficit for the first quarter was revised upwards to A$7.8 billion from A$5.7 billion, ...

European Investors Eye Ukraine, ECB

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Josie Cox European markets retained a cautious tone Tuesday, with investors keeping one eye firmly on the lingering conflict in Ukraine while trying to gauge whether the European Central Bank will announce further stimulus measures at its policy meeting ...

Australia Central Bank Holds Interest Rates Steady

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By James Glynn SYDNEY--Australia's central bank left its benchmark interest rate at a record low for a 13th-straight month Tuesday, after predicting slower-than-average growth ahead as the nation's mining boom slows and its currency remains strong. The Reserve Bank of ...

Australian Home-Building Approvals Rise

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By James Glynn SYDNEY--The number of Australian home-building permits rose in July. Approvals to build or renovate houses and apartments gained 2.5% from June, the Australian Bureau of Statistics said Tuesday. From a year earlier, approvals rose 9.4%. Higher rates ...

Japan July Total Average Wages +2.6% on Year

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

TOKYO--Japanese wages rose at their fastest pace in over 17 years in July, tempering concerns about the strength of the nation's economic recovery. Data released by the Ministry of Health, Labor and Welfare Tuesday showed that total average monthly wages ...

Polish Government Plans PLN46.1 Billion Budget Gap in 2015 -- Report

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

WARSAW--Poland's finance ministry is expecting next year's budget deficit to narrow only slightly from this year's official target, to 46.1 billion zlotys ($14.4 billion), Wyborcza daily reports Tuesday. Next year's deficit will be 3% lower than the PLN47.5 billion deficit ...

Australia's RBA Holds Interest Rates Steady

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

SYDNEY--Australia's central bank left its benchmark interest rate at a record low for a 13th-straight month Tuesday, after predicting slower-than-average growth ahead as the nation's mining boom slows and its currency remains strong. The Reserve Bank of Australia left its ...

China Home Prices Fall for Fourth Straight Month

TODAY: Sept. 2, 2014 PUB DATE: Sept. 1, 2014

By Esther Fung SHANGHAI--China's average home prices fell in August for the fourth straight month, though at a slower pace, as property developers continue to struggle with excess supply. Average new home prices fell 0.6% in August from July, moderating ...

China Manufacturing PMI Falls to 51.1 in August

TODAY: Sept. 2, 2014 PUB DATE: Sept. 1, 2014

BEIJING--An official gauge of China's manufacturing activity fell in August from a 27-month high in July, data showed Monday. The official manufacturing Purchasing Managers Index fell to 51.1 in August from 51.7 in July, the China Federation of Logistics and ...